Business Level 3 Unit 5 – Human resource management in business Human Resource Planning It is important that Human Resources are planned to ensure that the business does not suffer in any way. Human Resource planning ensures that organisations are able to: Control their own staff in terms of numbers that they employ Know how much their staff cost annually Be aware of individual staff skills using a skills audit to maximise ability in all areas of the business Develop valuable links between the business aims and objectives and their Human Resource plan Create a profile of all employees to ensure that they are within the guidelines of their Equal Opportunities Policy. If the business does all the above then the outcomes will in turn benefit both the organisation and its staff. Businesses need to be aware of both Internal and External factors that will impact on them. Internal being within the business eg staff retiring External being outside of the business eg economic growth Task Research both Internal and External factors and create a presentation detailing examples and the reasons why they are important for Human Resource Planning. Present your findings to the rest of the group.